Economic complexity: conceptual grounding of a new metrics for global competitiveness

A. Tacchella, M. Cristelli, G. Caldarelli, A. Gabrielli, L. Pietronero

Journal of Economic Dynamics and Control 37, 1683 (2013)

#economiccomplexity#forecasting#macroeconomics

Download the PDF

LQ placeholderWe introduce a novel method to define a self-consistent and non-monetary metrics for the competitiveness of countries.

We introduce a novel method to define a self-consistent and non-monetary metrics for the competitiveness of countries.

The availability of data corresponding to the products exported by all countries provides an excellent dataset to test economic ideas and extracts new information about the process of economic development. The matrix of countries and exported products shows a marked triangular structure instead of the block-diagonal structure expected from Ricardian arguments of specialization. This observation points to the fact that diversification is instead the dominant effect in the globalized market. We discuss how to define a suitable non-monetary metrics for the value of diversification and the effective complexity of products. We discuss in detail the previous proposed approaches to assess this challenge and their limitations. We introduce a new approach to the definition of these metrics which seems to overcome the previous problems and we test it in a series of model systems.

LQ placeholder

Degree-correlations in a bursting dynamic network model

F. Vanni, P. Barucca

Journal of Economic Interaction and Coordination

LQ placeholder

Scale of non-locality for a system of n particles

S. Talaganis, I. Teimouri

Sub. to Physical Review D

LQ placeholder

Changes to Gate Closure and its impact on wholesale electricity prices: The case of the UK

A. Facchini, A. Rubino, G. Caldarelli, G. Liddo

Energy Policy

LQ placeholder

How much can we influence the rate of innovation?

T. Fink, M. Reeves

Science Advances

LQ placeholder

The statistical physics of real-world networks

G. Cimini, T. Squartini, F. Saracco, D. Garlaschelli, A. Gabrielli, G. Caldarelli

Nature Reviews Physics

LQ placeholder

PopRank: Ranking pages’ impact and users’ engagement on Facebook

A. Zaccaria, M. Vicario, W. Quattrociocchi, A. Scala, L. Pietronero

PLoS ONE

128 / 128 papers